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Post Info TOPIC: Pope Francis centralizes Vatican finances


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Pope Francis centralizes Vatican finances
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In the most concrete sign to date of his intention to reform the Vatican, Pope Francis announced the creation Monday of a single authority to handle all business, administrative and personnel management at the Holy See, a response to the rash of financial scandals that have tarnished the Roman Catholic Church's reputation among believers and nonbelievers.

The new Secretariat for the Economy will draw up the Vatican's annual budget, call on lay experts for advice and launch surprise internal audits. The body will help ensure “a more formal commitment to adopting accounting standards and generally accepted financial management and reporting practices, as well as enhanced internal controls, transparency and governance,” the Vatican said in a statement.

Heading the secretariat is Australian Cardinal George Pell, the archbishop of Sydney, who has been a critic of the Vatican’s lack of accounting transparency. Pell is a member of a group of eight handpicked cardinals whom Francis has tasked with advising him on how to reform the Holy See.

"If we make better use of the resources entrusted to us, we can improve our capacity to support the good works of the church, particularly our works for the poor and disadvantaged,” Pell, 72, said in a statement.

In a papal document known as a motu proprio, Francis decreed that Pell would work with a 15-member council made up of eight senior prelates from different parts of the world, as well as seven lay experts “of various nationalities, with financial skills and acknowledged professional status.” The pope has already hired independent firms such as Ernst & Young and KPMG to help shake up the Vatican’s complicated and murky bureaucracy.

Centralizing many financial powers under the new secretariat represents the biggest change to the Curia, the Vatican administration, since John Paul II overhauled operations in 1988.

The new arrangement also envisages an auditor general, to be named by the pope, who will “be empowered to conduct audits of any agency of the Holy See and Vatican City State at any time,” the Vatican said.

Allegations of corrupt purchasing practices at the Vatican surfaced in letters written to Francis' predecessor, Pope Benedict, which were leaked by his personal butler in 2012. Archbishop Carlo Maria Vigano, formerly the deputy governor of Vatican City, denounced the signing by Vatican staff of inflated contracts with friendly companies. As proof, Vigano said he was able to cut 250,000 euros, or about $340,000, off the price of a Christmas Nativity scene in St. Peter’s Square.

Since those accusations were made public, a former accountant at the Vatican, Monsignor Nunzio Scarano, has been arrested and put on trial for allegedly plotting to smuggle the equivalent of about $27 million into Italy.

The Secretariat for the Economy will not oversee the Vatican bank, known as the Institute of Religious Works, which has been plagued for years by accusations of money laundering. The bank is now being scrutinized by another papal commission, and reforms -- including the closing of scores of accounts -- are being overseen by a Financial Information Authority, set up by Benedict.


http://www.latimes.com/world/worldnow/la-fg-wn-pope-francis-vatican-reform-20140224,0,3308993.story#ixzz2uYE0AZV8

Will be interesting to see how this plays out.



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But my mom says I'm cool!

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I'm not Catholic, but I'm really excited about Pope Francis. I feel he really has what it takes to get the RC church back on track.

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I am a former Catholic and I am ecstatic about Pope Francis and where he is taking the RC church. Before him I really truly expected a break off of the Catholic church in America.

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This is all a start in the right direction; however, I'll feel better if and when he lifts the ban on artificial means BC and Artificial Insemination. So many otherwise practicing RC couples have to "live in a state of sin" if they use BC or have a baby in vitro. Time will tell, I suppose.confuse



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I don't recall even once being taught against BC and AI during the 20 years that I did attend. I really only heard about the BC part as something of "old days". Maybe it has to do with the individual parish and their focus.

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EmmDee wrote:

I don't recall even once being taught against BC and AI during the 20 years that I did attend. I really only heard about the BC part as something of "old days". Maybe it has to do with the individual parish and their focus.


 According to www.catholic.com, BC is still considered a sin.  However, something like 85% of married Catholic couples practice some form of BC, I'm sure most priests look the other way.  However, all popes have continually defended the Church's teaching that it is sin.  It would be a major departure for any pope to assert that BC is permissable.



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I guess for myself, I have never felt it is necessary for a pope to assert it as permissible, the parish I attend and it's attitudes were more important. In high school I dreaded going to church, in college I looked forward to it. It was all about the parish.

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I think the only church-approved form of BC is Natural Family Planning (NFP).

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Let me be clear, I 100% understand it is an official rule on the books so to say. A lot of people just think of it as one of those out of date, ridiculous laws that some states still have on the books but are note enforced.

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Aardvark wrote:

I think the only church-approved form of BC is Natural Family Planning (NFP).


 Correct, and it's only to be used to space out pregnancies.  



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iluvsuomi1989 wrote:
Aardvark wrote:

I think the only church-approved form of BC is Natural Family Planning (NFP).


 Correct, and it's only to be used to space out pregnancies.  



 I understand where you are coming from and most Catholics in Westernised countries use BC.  However, in poorer developing countries Catholics are still be taught that their immortal souls are in danger if they use BC.  That's why this pope (or  any pope for that matter) actually coming out and saying it would be a big thing. For years, the #1 form of family planning was abortion because it was easier to confess that one sin than it was to go every week and confess that you were using BC every time you had sex.  This is still happening in 3rd world countries and women's lives are at risk.  That's why a pope actually coming out and saying BC is no longer a sin would be monumental.  It would save the lives of many poor Catholic women.



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